High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
NQ was engineered higher overnight on Wednesday night to cause a short-covering rally ahead of the FOMC decision on Wednesday. As usual, after a short-covering rally in the morning NQ then trade sideways most of the day.
On Thursday we could see NQ rally in the morning and then pullback down in the afternoon. Although not so likely, we could also see NQ rallying again on Thursday if more shorts are forced to cover.,
The next upside target is 19,750 zone.
The information provided here is for education and general informational purposes only and should not be considered an individualized recommendation or personalized investment advice.
The investment strategies mentioned here may not be suitable for everyone. Each trader or investor needs to review an investment and trading strategy for his or her own particular situation before making any investment and trading decision.
All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.
Examples provided are for illustrative educational (or "informational") purposes only and not intended to be reflective of results you can expect to achieve.
